Centrus advised Cottsway on new £50m term loan

What value did Centrus add?

Centrus worked with Cottsway to develop its treasury and funding strategy and designed a competitive process to secure new funding. Centrus led lender engagement and negotiations, securing competitive pricing and strong lending terms, and managed the lender credit processes and approvals. Throughout the transaction, Centrus kept the Board informed and project-managed the transaction through to completion.

How did this transaction benefit Cottsway?

•  New £50m term loan to develop new homes.
• 10-year maturity, complementing wider portfolio duration.
• Highly competitive pricing achieved, translating Cottsway’s strong credit profile into tangible value for money.
• Well-governed funding process, giving the Board confidence in both the process and the results.

“This new loan will help Cottsway to deliver 833 new homes, as outlined in our 2023-2028 Corporate Plan. We are delighted to be working with Nationwide, a new funder for Cottsway and one that is aligned to our social purpose. Tom and the team at Centrus provided excellent, in-depth support to us, from initial funder engagement all the way through to completion.”

Tessa Rollings, Resources Director – Cottsway

“We really enjoyed working with Cottsway on this fundraiser. By keeping the process straightforward and competitive, we turned a strong credit story into excellent pricing and a long-term funding solution that supports their ambitions.”

Tom Archer, Director – Centrus

“We are delighted to welcome Cottsway as a new customer and look forward to growing our relationship as they strive to achieve their goals over the coming years. Their ambition to provide more and better homes is closely aligned with our own social objective of being a beacon for mutual good.”

Clive Williams, Senior Lending Managed – Nationwide

“It was a pleasure working with the teams at Cottsway and Centrus on this new funding arrangement and to help contribute towards Cottsway delivering a number of new homes across West Oxfordshire.”

Julian Barker, Partner – Devonshires

For more information, please get in touch with Tom Archer, Director of Housing, Education & Care.

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